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For Companies At a Glance
- Tasks: Support compliance efforts by screening businesses and conducting legal research.
- Company: Join Amwins Global Risks Group, a leader in risk and compliance solutions.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make an impact in financial compliance while working with a dynamic team in London.
- Qualifications: Six years of experience in Risk & Compliance and strong knowledge of regulatory measures required.
- Other info: Ideal for detail-oriented individuals who thrive in fast-paced environments.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Title: Senior Compliance Associate
Division: Risk & Compliance
Reports to: Head of Advice & Guidance
Location: London
Job Purpose
- To provide efficient and effective support to the Head of Advice & Guidance, the Advice & Guidance Team and wider Risk & Compliance function in the provision of risk-based and commercially focused advice to the Amwins Global Risks Group (AGRG).
- To assist AGRG in its understanding of, and compliance with, all relevant laws and regulations.
- To assist in the implementation of effective risk-based controls.
Responsibilities
- Undertake screening of new & renewing business and payments for sanctions and financial crime indicators using tools provided and independent research, escalating potential matches to the Head of Advice & Guidance. Present findings relating to adverse results and recommending appropriate courses of action.
- Undertaking research in relation to UK and international law, regulation, financial & trade sanctions regimes and other ad hoc subjects as may be required to support the provision of risk-based and commercially focused advice to AGRG and its trading entities.
- Consideration and review of new and renewing counterparty relationships, including referral to the Head of Advice & Guidance and/or Chief Risk Officer and liaising with the Business Support Unit (BSU) and Business Divisions where required.
- Assist in reviewing ongoing sanctions and due diligence alerts and escalating potential matches.
- Assist in the review, negotiation and agreement of terms of business agreements (TOBAs) with market counterparties and other contractual trading arrangements or agreements with external parties, including non-disclosure agreements and broker transfer agreements, as well as creating and maintaining appropriate central records of this activity.
- Assist in the review and sign-off of financial promotions and other marketing material.
- Contribute to regulatory horizon scanning through analysing, recording, and communicating developments to key internal stakeholders.
- Assist with regulatory reporting and the submissions to regulators, including applications to perform controlled functions.
- Support the provision of training and engagement with other support teams and business units.
- Support administrative functions, projects and other responsibilities that may be required within the Risk & Compliance Team.
Personal Attributes
Knowledge/Skills/Qualifications
- Strong knowledge of current regulatory and legal measures applying to financial crime, including fraud, money laundering, sanctions and tax evasion.
- Strong knowledge of UK regulatory environment, including the FCA Handbook.
- Some knowledge of international regulatory environment is beneficial.
- Familiarity with the Lloyd’s market, its practices and operational infrastructure.
- Experience in reviewing and negotiating TOBAs and other agreements.
- Minimum six years’ Risk & Compliance experience within general insurance.
Key Competencies
- Able to effectively manage workload and competing priorities.
- Strong attention to detail and high levels of accuracy and precision.
- Excellent communication and interpersonal skills.
- Good stakeholder management skills.
- Ability to work within a team and support colleagues.
- Ability to conduct independent research and offer solutions to complex problems.
- Ability to convey complex information in a way which is easy to understand.
Senior Compliance Associate employer: Amwins Global Risks
Contact Detail:
Amwins Global Risks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Associate
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards in the financial sector. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the Risk & Compliance field, especially those who have experience in the Lloyd’s market. Attend industry events or webinars to make connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully managed compliance issues or implemented risk-based controls. This will demonstrate your practical knowledge and problem-solving skills.
✨Tip Number 4
Stay updated on current trends and challenges in financial crime and compliance. Being able to speak about recent developments will show your commitment to the field and your proactive approach to staying informed.
We think you need these skills to ace Senior Compliance Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Risk & Compliance, particularly focusing on financial crime, sanctions, and regulatory knowledge. Use specific examples that demonstrate your expertise in these areas.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the responsibilities of the Senior Compliance Associate role. Mention your experience with TOBAs and your understanding of the UK regulatory environment to show you’re a perfect fit.
Showcase Your Research Skills: Since the role involves conducting research on laws and regulations, include examples in your application that demonstrate your ability to perform thorough and effective research, especially in relation to financial crime and compliance.
Highlight Communication Skills: Given the importance of communication in this role, emphasise your interpersonal skills and ability to convey complex information clearly. Provide examples of how you've successfully managed stakeholder relationships in previous positions.
How to prepare for a job interview at Amwins Global Risks
✨Showcase Your Regulatory Knowledge
Make sure to highlight your understanding of current regulatory and legal measures related to financial crime. Be prepared to discuss specific regulations from the FCA Handbook and how they apply to the role.
✨Demonstrate Attention to Detail
Given the nature of compliance work, it's crucial to exhibit your strong attention to detail. Prepare examples from your past experience where your precision made a significant impact on compliance outcomes.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about past situations where you had to conduct independent research or negotiate terms of business agreements, and be ready to explain your thought process.
✨Engage with Stakeholders
Since stakeholder management is key in this role, prepare to discuss how you've effectively communicated and collaborated with various teams in previous positions. Highlight any successful training or engagement initiatives you've led.
